Good for businesses, bad for homeownership? What Trump's tax plan means for real estate

The proposed business tax rate would be a boon for agents and brokers -- but NAR is concerned about homeowners
  • The business tax rate cut under Trump's proposal would likely be good for real estate agents' and brokers' bottom line.
  • Concerns from NAR remain about the effective elimination of the mortgage interest deduction and the future of homeowner taxes (and home values) under the proposal.

Last year, Ways and Means Republicans in Congress put together what the committee called a “blueprint” for tax reform. Titled “A Better Way Forward On Tax Reform,” the document outlined how Republicans thought taxes could (and should) be tweaked — and it has noteworthy similarities with the tax plan that the Trump administration released during the campaign for the Presidency last year, too.